Uncontrolled spending will ruin our nationPublished 1:11pm Wednesday, October 31, 2012
For those of you who think President Obama’s path “forward” is the best choice for the future, please ask yourself whether you think continued borrowing to spend beyond your means is the path to a bright future.
He has said the national debt is not an immediate problem, so we can take him at his word and expect him to continue to build it up.
I agree we’re not going to crash until after the next four years are over. It won’t be his problem then.
But it will be even higher and it will still be yours and your children’s and your grandchildren’s. And when ‘push comes to shove,’ they will be the ones who get pushed and shoved, much harder than if we start the somewhat long and unpleasant task of stopping the rise and starting to pay it down a little at a time for a long time, just like your folks did to pay their mortgage.
Do the math: At only 1 percent per year interest (I wonder how long that will last), you are now paying $165 billion per year, just on the interest and we are borrowing that!. That is a bit less than $500.00 per year for each of the 330 million of us.
I urge you to vote for your children and grandchildren, not for four more years of ruinous spending.
If not now, when? After government checks become essentially worthless? What will our children think of us?
Obama has led our nation through historic challenges
What a dilemma. Do we vote for the party that created the disaster or vote for the party that failed to clean up the whole disaster in only four years?
Or, put another way – do we vote for the party that outsourced to Afghan warlords the capture of Bin-Ladin, or vote for the party that actually killed Bin-Ladin using Navy Seals?
Or, do we vote for the party that pulled troops from Afghanistan (the country that killed Americans) and sent those troops to Iraq to fight Al Qaeda, where there was no Al Qaeda, a country that had harmed no Americans. That folly drew Al Qaeda into Iraq like flies to honey and allowed the Taliban to reconstitute itself and to become today’s problem.
Obama has ended our longest war — one having a cost of $800B. He is now ending the Afghanistan war.
The economy is moving forward and optimism is growing. Automobile manufacturing has been saved and jobs are improving overall. The housing market is making good recovery and will steadily bring improvements to the economy.
The DJIA and S&P 500 stock indexes have gained more than 60 percent during the Obama administration — 401Ks invested in stocks and mutual funds have done well, reflecting current investor confidence in the economy.
Compare our situation to The Great Depression beginning in 1929 and lasting into 1941 (12 years); recovery made possible only by World War II (which began in Europe several years before U.S. entered the war in 1941).
WWII provided America the opportunity to supply allies with huge amounts of war machinery, thereby giving impetus to U.S. recovery, without which recovery would have been much delayed.
The choice is, therefore, clear: With Republican Congress approval rating at 13 percent, and zero evidence Republicans earned your vote: Four more years for Obama.